We are proud to share some words of wisdom from our founder Fred Crosetto, Chief Energizing Officer of AMMEX Corporation and AMMEX iSupport, as featured in the recent inc.com article: 4 Ways to Develop Great Leaders. In the article, Fred discusses his succession planning strategies and how he successfully removed himself from daily operations by developing smart, effective leaders.
In business, preparation and planning are the main components of a successful company, but when it comes to succession planning, many senior executives struggle with being able to replace themselves. Finding the next great leader of your business is an important challenge that involves too many variables that busy leaders often struggle to find time to consider. The result is often a reactive process that can lead to a bad hiring decision. With the right planning and approach, succession can be a seamless transition that benefits the company and its current and future leaders.
“At AMMEX, developing great leaders is a core part of what we do and is one of the ways we have been named to the Puget Sound Business Journal “Top 100 Fastest Growing, Privately Held Companies” a total of eight times.”
How do we do it?
The foundation of AMMEX’s success is built upon key principles that drive us to be better – we all strive to be better every day, and we hold one another accountable to this goal. Developing great leaders is a core part of that success. In the recent Inc.com article, 4 Ways to Develop Great Leaders; Fred explains how he successfully removed himself from daily operations by developing smart, effective leaders. “These strategies have allowed him to successfully groom the new President of AMMEX, Keyo Gold, and complete the transition in less than two years.”
Four Ways to Develop Great Leaders
1. Recruit a team of A-players.
2. Develop future leaders from the inside.
3. Let young leaders fail safely.
4. Introduce leaders to great thinkers.
How did he do it?
In the interview with Inc.com, our Founder discusses his approach to growing a successful commodities based disposable glove company over the last 28 years. Succession planning and growing future leaders as the core driver of that success. When it came time for our founder’s succession as CEO of AMMEX he met the challenge by developing team members from the inside through leadership, coaching and strategy. YPO 10 Minute Tips From the Top host Kevin Daum interviewed Crosetto, a fellow member of the Young Presidents’ Organization (YPO).
“A-players are hard to find and hard to keep, It took me a little bit longer than most people to figure this out, but it’s better to get really great people to work and come in and take things on,” noted Crosetto.
How can you do it?
Start by recruiting a team of A-players by looking for passion in people. If you only surround yourself with passionate people driven to be better, then you’ll have a number of potential options to develop into the next strong leader. Turn to the young leadership internally to drive the future of the company, coach and train them by introducing them to great thinkers. Allow your young leaders to fail safely and…….continue reading the full article from Inc.com.